Heritage Commerce (NASDAQ:HTBK – Get Free Report) posted its earnings results on Thursday. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17, Zacks reports. Heritage Commerce had a net margin of 19.82% and a return on equity of 7.21%. The business had revenue of $63.68 million for the quarter, compared to analyst estimates of $43.14 million.
Heritage Commerce Price Performance
Shares of NASDAQ:HTBK traded down $0.18 during midday trading on Friday, reaching $9.51. 255,574 shares of the company’s stock were exchanged, compared to its average volume of 300,651. The company’s 50 day simple moving average is $9.83 and its two-hundred day simple moving average is $9.08. The firm has a market capitalization of $582.54 million, a PE ratio of 10.34 and a beta of 0.93. Heritage Commerce has a 12 month low of $7.66 and a 12 month high of $10.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76.
Heritage Commerce Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Thursday, November 7th. Heritage Commerce’s payout ratio is 56.52%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Heritage Commerce
Heritage Commerce Company Profile
Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest-bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits.
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